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Seanergy Maritime (SHIP) Receives a Rating Update from a Top Analyst

Noble Financial analyst Michael Heim maintained a Buy rating on Seanergy Maritime (SHIPResearch Report) today and set a price target of $1.50. The company’s shares closed last Thursday at $0.69, close to its 52-week low of $0.65.

According to TipRanks.com, Heim is a top 100 analyst with an average return of 61.6% and a 44.1% success rate. Heim covers the Industrial Goods sector, focusing on stocks such as Grindrod Shipping Holdings, Eagle Bulk Shipping, and Genco Shipping.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Seanergy Maritime with a $1.83 average price target, a 157.7% upside from current levels. In a report issued on July 21, Maxim Group also maintained a Buy rating on the stock with a $2.25 price target.

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The company has a one-year high of $1.62 and a one-year low of $0.65. Currently, Seanergy Maritime has an average volume of 3.21M.

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Seanergy Maritime Holdings Corp. is a shipping company, which engages in the seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.

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